Oklahoma Disputed Accounted Settlement (ODAS) is a legal resolution process in the state of Oklahoma that aims to resolve disputes or disagreements between parties over accounts or financial transactions. It offers a framework for individuals or entities to settle these disputes in a fair and amicable manner, usually before resorting to litigation. The primary objective of ODAS is to enable parties involved in a dispute to reach a mutual agreement and avoid lengthy court proceedings. By participating in this settlement process, both parties can save time, money, and effort that would otherwise be spent on costly litigation. This settlement could involve various types of disputed accounts, such as financial accounts, commercial accounts, or contractual accounts. It can also encompass disagreements related to unpaid debts, unauthorized transactions, account errors, or breaches of contract. ODAS is usually applicable to disputes that fall within the jurisdiction of Oklahoma, ensuring that parties involved can settle the matter locally. The process typically begins with one party formally disputing an account or transaction with the alleged responsible party. The dispute is then brought to the attention of ODAS, which acts as a neutral third party facilitating the settlement discussions. Qualified mediators or arbitrators may be appointed to oversee the negotiations and help the parties reach a fair resolution. During the settlement process, both parties present their arguments, evidence, and supporting documentation to substantiate their claims or defenses. The mediators or arbitrators carefully evaluate the evidence and assist the parties in considering alternative solutions, compromises, or potential settlements. The ultimate goal is to find a mutually agreeable outcome that satisfies the interests of both parties involved. Once the disputing parties reach a settlement agreement, it is typically documented in a legally binding contract known as the "Settlement Agreement." This agreement outlines the terms and conditions that the parties have agreed upon, including any financial compensation, changes to accounts, or actions to rectify the dispute. The involved parties then fulfill their respective obligations as stipulated in the settlement agreement. In summary, ODAS is an alternative dispute resolution method in Oklahoma designed to resolve disputed accounts and financial disagreements in a cost-effective and timely manner. By opting for this settlement process, individuals or entities can potentially avoid the need for court intervention while achieving a satisfactory resolution.
Oklahoma Disputed Accounted Settlement
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An Osage headright is a share of profits from resources like oil, gas, and coal that have been extracted from the Osage Nation's land. These payments can be sizeable - thousands or even tens of thousands of dollars a year.
Osage Wealth Begets 'Reign of Terror' ing to journalist David Grann, author of the book Killers of the Flower Moon: The Osage Murders and the Birth of the FBI, oil leases paid the Osage nation more than $30 million in 1923 alone (equivalent to more than $400 million today).
The United States will pay the tribe $380 million in compensation for the tribe's claims of historical losses to its trust funds and interest income as a result of the government's management of trust assets.
The reservation, of approximately 1,470,000 acres (5,900 km2), was purchased in 1872 and is coterminous with present-day Osage County, Oklahoma, in the north-central portion of the state between Tulsa and Ponca City. The Osage established four towns: Pawhuska, Hominy, Fairfax, and Gray Horse.
By 1920, the market for oil had grown dramatically and brought much wealth to the Osage. In 1923 alone, "the tribe took in more than thirty million dollars, the equivalent today of more than four hundred million dollars."
Burkhart was paroled in 1937, but was sent back to prison for burglarizing his former sister-in-law's house in 1940. After being paroled for the final time in 1959, Oklahoma governor Henry Bellmon pardoned Burkhart in 1965 or 1966 for his role in the Osage murders.
The osage probably valued ani- mals and the abundance of the earth. The people, led by ants, climb the Lukatso, or bamboo. The Wazha'zhe weep at the sight of their new home; they feel aban- doned and helpless on a flooded earth.
ARONCZYK: An Osage headright is a share of profits from oil, gas, coal - resources extracted from the Osage Nation's land. And these payments can be big - thousands and even tens of thousands of dollars a year.